Alexandria, VA – November 22, 2011 – (RealEstateRama) — The 362,000-member National Taxpayers Union is warning citizens and urging Congress to oppose the just-introduced conference report on the “Minibus” appropriations bill. The legislation claims to save money, but in reality is a bloated mess, and the cherry on top is a proposed Federal Housing Administration (FHA) rule change to conforming loan limits that would authorize taxpayer backing of a high tier of “jumbo” home loans that ironically would only help roughly the top 1 percent of home purchases
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